TORONTO, CANADA--(Marketwired - April 15, 2014) - CGI (TSX:GIB.A)(NYSE:GIB) today announces an extension to an existing agreement with TD Bank Group (TD) that will allow CGI to continue processing TD's mutual fund transactions under a managed services model until as late as 2026. As a long-time IT services provider to TD, CGI will continue to leverage its Wealth360™ Investment Funds platform to process TD's mutual fund transactions while enabling access by TD's Canadian retail branch network, advisor network and third party distribution channels.
"TD is pleased to maintain our long-standing relationship with CGI," said Paul Orlander, President TD Mutual Funds. "CGI consistently meets its service levels in mutual fund transactions processing and is a reliable supplier in supporting our over 1.8 million mutual fund investors.".
"CGI is proud of our long history of working together," said Jamie Holland, Senior Vice President, Banking and Financial Markets, CGI in Canada. "With 38 years of wealth management experience, CGI is pleased to continue to provide TD with a mutual fund processing service that is efficient, scalable and flexible."
Traditional investment, performance and risk assumptions continue to be challenged as never before. To succeed, financial institutions need a proven technology provider to deliver wealth management solutions that help them proactively address investment management, planning and portfolio administration. Visit cgi.com/wealth-management-solutions for more information.
Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annual revenue in excess of C$10 billion and an order backlog exceeding C$19 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: www.cgi.com.